PSE: Tiny volumes, more than 1% growth

It was a very slow day on the PSE today, PX index was up by more than 1% on tiny volumes but gave up 50% of its intraday gains. CEZ rallied right after the open and was hovering around CZK 850 for most of the day. We saw a similar picture on NWR (109 CZK, 6,78%) as commodities and energy stocks headed north. There was a sell-off on Komercni banka which broke the CZK 3,000 level but was closing above it thanks to a mini-rally on close when the international accounts were active. Telefónica O2 (395 CZK, -0,20%) CR - international accounts were on the buy side, locals on the sell side, and in the end the stock was almost unchanged.